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Fly News Breaks for November 27, 2018
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Nov 27, 2018 | 15:25 EDT
Stephens analyst Vincent Caintic lowered his price target for Alliance Data to $227 from $247 following a "disappointing" update on its strategic review versus investor expectations for a sale to be announced by Q4. The analyst adds that the timing of this announcement is "odd" and suggests to him that a deal may have fallen through. Caintic reiterates an Equal Weight rating on the shares.
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